Land Bank posts a R172 million interim loss for 2020

Land Bank has posted a R172 million interim loss for 2020
Land Bank has posted a R172 million interim loss for 2020
The Land Bank has posted a R172 million loss from its continuing operations for the six months ended on 30 September as its interest income continued to decline while provision for bad debts grew.

The state-owned lender, which finances approximately 27% of agricultural debt in SA and is the only source of funding for most of the emerging farmers, published a short presentation of its unaudited interim results for the first half of its 2020 financial year on Monday evening

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
14.92
(+0.21)
ZAR/GBP
20.85
(+0.11)
ZAR/EUR
18.05
(+0.05)
ZAR/AUD
11.69
(-0.35)
ZAR/JPY
0.14
(+0.29)
Gold
1735.45
(+0.67)
Silver
26.72
(+0.87)
Platinum
1207.00
(+1.89)
Brent Crude
63.29
(-1.13)
Palladium
2362.00
(+1.23)
All Share
68510.75
(+1.44)
Top 40
63104.70
(+1.61)
Financial 15
12568.48
(+0.90)
Industrial 25
89150.72
(+1.21)
Resource 10
70539.82
(+2.28)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1047 votes
No, I did not.
52% - 2616 votes
My landlord refused
28% - 1413 votes
Vote